Woodside Energy Secures Long-Term LNG Supply Deal with China Resources Gas International

Woodside Energy Group Ltd has entered into a 15-year agreement with China Resources Gas International to supply liquefied natural gas (LNG) from 2027. The deal is set to commence on January 1, 2027, and will run until December 31, 2041.

Key Terms of the Agreement

• The agreement will see Woodside Energy supply LNG to China Resources Gas International for a period of 15 years.
• The deal is expected to commence on January 1, 2027.
• The agreement will run until December 31, 2041.

Background and Implications

The agreement is a result of improved ties between Australia and China, following a period of strained trade relations. The deal is expected to have a positive impact on Woodside Energy’s future prospects, although the exact details of the deal remain unclear.

Future Outlook

The agreement marks a significant development in Woodside Energy’s operations, particularly in the Asia-Pacific region. The company’s future prospects are expected to benefit from this deal, although further details are required to fully assess its impact.